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Category: Air

Market review; 14th March

Heading into the post Lunar New Year slack period sea freight spot rates retained most of their recent gains and while Drewry’s World Container Index dropped slightly in March it remains 80% higher than 2023 and 130% more than average…

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2024 off to a flyer for air freight

Concerns about Red Sea supply chain delays combined with the early Lunar New Year contributed to a 10% increase in air cargo volumes in January, putting pressure on rates on many routes, including from Asia into Europe and the US.…

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Hong Kong air freight spiking

The pre-Christmas spike in eCommerce volumes out of China means that demand for air cargo space has risen 5%, driving rates up 11% from Hong Kong and China to the US and 9% to the UK. Having anticipated no peak…

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Air cargo poised to benefit from sea freight’s reliability

With sea freight  schedule reliability currently just over 60%, air freight could be buoyed if the anti-trust rules imposed by the EU further impact reliability next year. For many shippers reliability is their most important selection criteria and often that…

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Global air freight market picks up

Despite the lowest expectations of a peak season, global air freight indices are recording rate rises on major east-west trades in October, as the industry entered the traditional peak season period. The latest figures from the Baltic Exchange Airfreight Index…

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Freight market report; October 2023

Normal(ish) operations continue at most Israeli sea freight terminals, but a backlog of vessels is growing and while some airlines have resumed services to Israel, the industry is still exercising caution and charter requests are becoming increasingly harder to fulfil.…

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Freight market report – August 2023

While much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia…

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Freight market report – July 2023

A subdued peak season, followed by a lengthy slack period, will prompt further rate erosion and while the Asia to Europe sea freight trade-lane has been relatively healthy and positive in June, with record numbers of new- build capacity being…

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